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Average European exchange gas prices rose 12% month on month in October, reaching US$1,005 per thousand cubic metres, according to calculations based on ICE data. Prices passed US$1,000 mid-month amid Iran-US tensions and Hormuz disruption.
European storage hit a record low for the date at 74.58% on 20 October, when injections switched to withdrawals.
A monthly average showing sustained gains confirms tight European gas supply heading into winter. This keeps energy and fertiliser costs high for feed producers.
nst.com.myBERNAMA-SPUTNIK/RIA NOVOSTINov 1, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
